TABLE 11 - 42
Crop Enterprise Analysis, 2001
North Dakota Farm Business Management Education Program
State Report
(Farms Sorted By Net Return)
Hay, Grass on Cash Rent
Avg. Of
All Farms Low 20% High 20%
Number of fields 77 12 15
Number of farms 46 9 9
Acres 97.84 72.00 74.87
Yield per acre (ton) 1.11 0.82 1.81
Operators share of yield % 100.00 100.00 100.00
Value per ton 29.27 27.17 30.55
Total product return per acre 32.58 22.39 55.27
Miscellaneous income per acre - - -
Gross return per acre 32.58 22.39 55.27
Direct Expenses
Fuel & oil 4.51 6.80 4.92
Repairs 7.00 10.19 7.93
Land rent 7.90 14.24 6.18
Operating interest 1.45 1.26 1.81
Miscellaneous 0.37 0.36 0.35
Total direct expenses per acre 21.23 32.86 21.19
Return over direct exp per acre 11.35 -10.47 34.08
Overhead Expenses
Custom hire 0.12 1.02 -
Hired labor 1.33 4.17 1.30
Machinery & bldg leases 0.87 0.00 1.07
Farm insurance 0.86 0.97 0.97
Utilities 0.80 0.83 0.85
Interest 2.51 1.62 2.31
Mach & bldg depreciation 3.04 5.45 2.00
Miscellaneous 1.40 2.98 0.73
Total overhead expenses per acre 10.94 17.05 9.21
Total dir & ovhd expenses per acre 32.17 49.91 30.40
Net return per acre 0.41 -27.51 24.87
Lbr & mgt charge per acre 7.98 10.02 8.72
Net return over lbr & mgt -7.57 -37.54 16.15
Government payments 0.81 1.76 0.49
Net return with govt payments -6.76 -35.77 16.65
Cost of Production
Total direct expense per ton 19.07 39.86 11.71
Total dir & ovhd exp per ton 28.90 60.55 16.81
With labor & management 36.07 72.71 21.63
Total exp less govt & oth income 35.34 70.57 21.35